Archives for September 2012

September 28th, 2012

According to a recent study by DBK consultants, more than 80% of Spanish hotels have implemented energy saving plans, while in the past two years 25% have hired an outside firm to prepare a plan for saving energy. Specifically, 19% of energy savings plans contracted with specialist companies have already been ...

Continue reading Spanish Hotels Launch Energy Saving Plans

September 28th, 2012

Spending on Social Security contributory pensions amounted to 7,444.1 million euros in September, which is 4.4% more than in the same month of 2011, the Ministry of Employment and Social Security reported this week. Of this amount, more than 5,079 million euros corresponded to the payment of monthly retirement pensions (+5% ...

Continue reading Pension Expenditure Up 4.4% Year-on-Year

September 27th, 2012

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has urged politicians around the world to take advantage of the opportunities the latest political decisions offer, in order to implement actions which will achieve a decisive change in the global crisis. "This time we need a sustained recovery, not ...

Continue reading IMF Says “Europe Still Needs Urgent Action”

September 27th, 2012

The credit rating agency Standard & Poor's (S & P) said this week they expect the Spanish economy to contract by 1.8% this year, and by 1.4% next year, compared with their previous estimate, in July, of 1.7% for 2012 and 0.6% for 2013. The figures are more pessimistic than ...

Continue reading S & P Lowers Forecast for Spain

September 26th, 2012

Through the Directorate-General of Administrative Modernisation, Procedures and Promotion of e-Government, the Spanish Government is taking part in the European Stork 2.0 project (Secure idenTity acrOss boRders linKed 2.0) to facilitate borderless digital living and mobility by citizens of the European Union by leading a work package on defining common ...

Continue reading Spanish Government Joins European Borders Project

September 26th, 2012

According to the latest report by Randstad, the confidence of the Spanish in maintaining their current employment has increased in recent months, with only three out of ten being afraid of losing their job, which is the lowest ratio of 2012. In addition, fears over continuing in their current company has ...

Continue reading Spanish Workers More Confident of Keeping Their Jobs

September 25th, 2012

Overnight stays in hotels in Spain registered a decline of 2.1% in August, despite the record increase in the number of foreign visitors. 40.8 million bookings were made in the eighth month of the year, which was 2.1% less than the same period of 2011, due to the fall in ...

Continue reading Hotel Bookings Down 2.1% in August

September 24th, 2012

In August Spain received 7.9 million international tourists, which represented a 5% increase over the same month of 2011 and marked a new monthly record, according to the tourist border movements survey, Frontur, released on Friday by the Ministry of Industry. The number of foreign visitors exceeded the 7.7 million achieved ...

Continue reading Spain Receives Record Number of International Visitors in August

September 24th, 2012

The number of new mortgages contracted on homes in July of this year totalled 24,291, which is a drop of 17.5% compared to the same month of 2011, according to figures released on Friday by the National Statistics Institute. Including the drop in July, the number of mortgaged homes have ...

Continue reading New Mortgages Down 17.5% Year-on-Year

September 21st, 2012

Six out of ten international travellers (60.8%) who arrived in Spain in August flew with a low-cost airline, the month in which the Irish "low-cost" carrier, Ryanair, again recorded the most activity. According to data from the Ministry of Industry, Tourism and Commerce released on Tuesday, 4.48 million of the 7.4 ...

Continue reading Budget Airlines Account for Over Half the Air Traffic in Spain

September 21st, 2012

The default rate of banks, savings banks, cooperatives and credit institutions (EFC) operating in Spain is continuing to rise. In July it stood at 9.86%, which set a record for the second consecutive month after reaching 9.42% in June. According to data published by the Bank of Spain, outstanding claims in ...

Continue reading Loan Default Rate Nearing 10%

September 20th, 2012

64% of the Spanish consider themselves to be "overqualified" for their current job and believe that their training and experience exceed their job requirements, a fact that puts Spain on top of the European ranking, second only to the perception of Greek professionals (69% of those surveyed). This is reflected in ...

Continue reading 64% of Spanish Feel Over-Qualified for their Jobs

September 20th, 2012

Castilla-La Mancha has accumulated a 'stock' of 150,000 new homes, which are completed and empty. This was acknowledged by the regional government’s Minister of Public Works, Marta Garcia de la Calzada, who says she hopes to reduce this figure thanks to a new project bill being processed by the Ministry ...

Continue reading Castilla-La Mancha to Promote Rental of Unsold Homes “Stock”

September 19th, 2012

In application of the Budgetary Stability Act, the Minister for the Treasury and Public Administration Services, Cristóbal Montoro, accompanied by the State Secretary for Budgets and Expenditure, Marta Fernández Currás, and the State Secretary for Public Administration Services, Antonio Beteta, announced the 2012 second quarter budgetary performance figures for the ...

Continue reading Regional Governments on Track for Year End GDP Target

September 19th, 2012

According to the latest Housing Price Index (HPI) published by the National Statistics Institute, house prices fell by 14.4% in the second quarter of 2012 compared to the same period of 2011. This percentage represents the lowest annual rate registered since 2007. This year-on-year drop in property prices is almost two ...

Continue reading House Prices Fell 14.4% in Q2